ABS Marine IPO vs Mandeep Auto Industries IPO

Comparison between ABS Marine IPO and Mandeep Auto Industries IPO.

IPO Details

ABS Marine IPO is a SME Fixed Price IPO proposed to list at NSE SME while Mandeep Auto Industries IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of ABS Marine IPO is up to ₹90.26 Cr whereas the issue size of the Mandeep Auto Industries IPO is up to ₹23.97 Cr. The final issue price of ABS Marine IPO is ₹147.00 per share and of Mandeep Auto Industries IPO is ₹67.00 per share.

 ABS Marine IPOMandeep Auto Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹140.00 per share
Issue Price (Upper)₹147.00 per share
Issue Price (Final)₹147.00 per share₹67.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size61,40,000 shares35,78,000 shares
Fresh Issue Size (Amount)up to ₹90.26 Crup to ₹23.97 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,40,000 shares35,78,000 shares
Issue Size Total (Amount)up to ₹90.26 Crup to ₹23.97 Cr

IPO Timetable

ABS Marine IPO opens on May 10, 2024, while Mandeep Auto Industries IPO opens on May 13, 2024. The closing date of ABS Marine IPO and Mandeep Auto Industries IPO is May 15, 2024, and May 15, 2024, respectively.

 ABS Marine IPOMandeep Auto Industries IPO
Anchor Bid DateMay 09, 2024
Issue OpenMay 10, 2024May 13, 2024
Issue CloseMay 15, 2024May 15, 2024
Basis Of Allotment (Tentative)May 16, 2024May 16, 2024
Initiation of Refunds (Tentative)May 17, 2024May 17, 2024
Credit of Share (Tentative)May 17, 2024May 17, 2024
Listing date (Tentative)May 21, 2024May 21, 2024
Anchor Lockin End date 1Jun 15, 2024
Anchor Lockin End date 2Aug 14, 2024

Financials & KPIs

ABS Marine IPO P/E ratio is 11.23, as compared to Mandeep Auto Industries IPO P/E ratio of 10.15.

 ABS Marine IPOMandeep Auto Industries IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets184.81175.53166.63
Total Income138.02113.8182.84
Profit After Tax23.559.538.09
NET Worth117.1793.5283.70
Reserves and Surplus99.1793.5183.69
Total Borrowing45.6848.6661.15
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets24.2519.6312.9810.50
Total Income16.5729.7921.9015.63
Profit After Tax2.151.050.650.50
NET Worth8.214.544.142.80
Reserves and Surplus1.64
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.5099.97
Promoter Shareholding (Post-Issue)63.4263.53
P/E Ratio11.2310.15
Market Cap₹360.88 Cr.₹69.26 Cr.
ROE30.15%
ROCE18.67%27.94%
Debt/Equity0.391.00
EPS₹13.09₹6.60
RoNW20.10%25.97%

Shares Offered

In the ABS Marine IPO Retail Individual Investors (RII) are offered 21,49,000 shares while in Mandeep Auto Industries IPO retail investors are offered 21,49,000 shares. Qualified Institutional Buyers (QIB) are offered 12,28,000 shares in ABS Marine IPO and in Mandeep Auto Industries IPO.

 ABS Marine IPOMandeep Auto Industries IPO
Anchor Investor Reservation18,41,000 shares
Market Maker Reservation4,10,000 shares1,90,000 shares
QIB12,28,000 shares
NII9,22,000 shares17,88,000 shares
RII21,49,000 shares17,90,000 shares
Employee
Others
Total61,40,000 shares35,78,000 shares

Bids Received (Subscription)

ABS Marine IPO subscribed 144.44x in total, whereas Mandeep Auto Industries IPO subscribed 77.23x.

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